A new bridge is to be constructed over the East River in New York City. Two structural possibilities exist: the support could be in the shape of a parabola or the support could be in the shape of a semi-ellipse.

The space between the supports needs to be 1050 feet.

The height at the center of the arch needs to be 350 feet. Determine the equation of a parabola with these characteristics. (Hint: Place the vertex of the parabola at the origin to simplify calculations).

Part 1

a. What is your equation for the parabola? An empty tanker, 520 feet wide and 260 feet high needs to pass beneath the bridge.

b. Can the tanker pass under this bridge? Justify your answer. Determine the equation of a semi-ellipse with the same characteristics. (Hint: Place the center of the semi-ellipse at the origin to simplify calculations)

Part 2

a. What is the equation for the semi-ellipse? Show the work required to determine the equation.

b. Will the tanker (520 feet wide and 260 feet high) be able to pass under this bridge? Justify your answer.

Part 3

a. If the river were to flood and rise 10 feet, how would the channel widths and the clearances of the two bridges be affected? Explain, using numbers, how the width of the channel would be affected for each bridge.

b. With all things considered, which bridge design would you choose? Explain your reasoning.

Compute and Interpret Liquidity, Solvency and Coverage Ratios

Balance sheets and income statements for Lockheed Martin Corporation follow. Refer to these financial statements to answer the requirements.

(a) Compute Lockheed Martin's current ratio and quick ratio for 2016 and 2015. (Round your answers to two decimal places.)
2016 current ratio = Answer

2015 current ratio = Answer

2016 quick ratio = Answer
2015 quick ratio = Answer

Which of the following best describes the company's current ratio and quick ratio for 2016 and 2015?

The current ratio has increased while the quick ratio has decreased in the period from 2015 to 2016 , which suggests the company has a shortage of liquid assets.

Both the current and quick ratios have decreased from 2015 to 2016 however, the company is liquid.

Both the current and quick ratios have increased from 2015 to 2016, meaning the company is liquid.

The current ratio has decreased while the quick ratio has increased from 2015 to 2016, which suggests the company has a shortage of current assets.

(b) Compute total liabilities-to-equity ratios and total debt-to-equity ratios for 2016 and 2015 . (Round your answers to two decimal places.)
2016 total liabilities-to-stockholders' equity = Answer
2015 total liabilities-to-stockholders' equity = Answer

2016 total debt-to-equity = Answer
2015 total ebt-to-equity = Answer

Which of the following best describes the company's total liabilities-to-equity ratios and total debt-to-equity ratios for 2016 and 2015?

The total liabilities-to-equity ratio has decreased while the total debt-to-equity ratio has increased in the period from 2015 to 2016, which suggests the company has decreased the use of short-term debt financing.

The total liabilities-to-equity ratio has increased while the total debt-to-equity ratio has decreased in the period from 2015 to 2016, which suggests the company has increased the use of short-term debt financing.

Both the total liabilities-to-equity and total debt-to-equity ratios have increased from 2015 to 2016. These increases suggest that the company is less solvent.

Both the total liabilities-to-equity and total debt-to-equity ratios have decreased from 2015 to 2016. The difference between these two measures reveals that any solvency concerns would be for the short run.

(c) Compute times interest earned ratio, cash from operations to total debt ratio, and free operating cash flow to total debt ratios. (Round your answers to two decimal places.)
2016 times interest earned = Answer
2015 times interest earned = Answer

2016 cash from operations to total debt = Answer
2015 cash from operations to total debt = Answer

2016 free operating cash flow to total debt = Answer
2015 free operating cash flow to total debt = Answer

Which of the following describes the company's times interest earned, cash from operations to total debt, and free operating cash flow to total debt ratios for 2016 and 2015? (Select all that apply)
Answeryesno Lockheed Martin's free operating cash flow to total debt ratio slightly decreased over the year 2016 due to decreased cash flow from operations.
Answeryesno Lockheed Martin's times interest earned decreased during 2016, due an increase in interest expense.
Answeryesno Lockheed Martin's cash from operations to total debt ratio slightly increased over the year 2016 due to a decrease in total debt.
Answeryesno Lockheed Martin's times interest earned increased during 2016, due to an increase in profitability.

(d) Summarize your findings in a conclusion about the company's credit risk. Do you have any concerns about the company's ability to meet its debt obligations?

Lockheed Martin's total debt-to-equity is low, thus increasing any immediate solvency concerns. The company's ability to meet its debt requirements will depend on increasing short-term debt.

Lockheed Martin's quick ratio is low, thus increasing immediate solvency concerns. The company's ability to meet its debt requirements will depend on liquidating inventories for emergency cash.

Lockheed Martin's times interest earned ratio is strong, thus lessening any immediate solvency concerns. The company's ability to meet its debt requirements will depend on its continued profitability.

Lockheed Martin's total liabilities-to-equity is high, thus lessening any immediate solvency concerns. The company's ability to meet its debt requirements will depend on its use of equity financing.

Gutek, Levine, and Ornstein, Foundations of Education, Chapters 1-6.

Discuss how public education is paid for in Tennessee: (1) Local support (name the taxes), (2) state support (name the taxes) and (3) federal support (name the taxes).

2. On March 1, 2016, Eagle Group Inc. sold $1,000,000, 9% bonds dated January 1, 2016 for $1,105,256 plus $15,000 accrued interest. Interest is payable annually on January 1, and the bonds mature on January 1, 2026. On July 1, 2017 Eagle Group retired $300,000 of the bonds at 105 plus accrued interest. Eagle Group uses straight-line amortization.

   Required:

     Prepare the journal entry to record the redemption of $300,000 bonds on July 1, 2017.

3.

   One way to structure a lease to qualify it as an operating lease for the lessee, but as a capital lease for the lessor is to use different discount rates for the lessees and the lessors. State the other method to achieve the same goal.

Paddleboard Inc. began operations on January 1, 2016. Its post-closing trial balance at December 31, 2016 and 2017, is shown below along with some other information.

Other information:
a. All accounts payable balances result from merchandise purchases.
b. All sales are credit sales.
c. All credits to accounts receivable are receipts from customers.
d. All debits to accounts payable result from payments for merchandise.
e. All other expenses are cash expenses.

Required:
Prepare a statement of cash flows for 2017 using the direct method to report cash inflows and outflows from operating activities. (List any deduction in cash and cash outflows as negative amounts. Enter amounts in thousands, not in dollar.)

Houston crime statistics for 2016

1. Calculate measures of central tendency (Mean, Median & Mode) and measures of variation (Range and Standard Deviation) for the data. Write a sentence for each calculation explaining what that value means in the context of the data.

Cullumber Company Oriole Company 2017 2016 2017 2016 Net sales $1,856,000 $596,000 Cost of goods sold 1,079,000 298,000 Operating expenses 263,000 83,000 Interest expense 7,000 2,800 Income tax expense 75,000 34,000 Current assets 590,015 $565,462 150,838 $ 143,835 Plant assets (net) 953,508 905,000 252,908 227,720 Current liabilities 120,048 137,225 63,980 54,809 Long-term liabilities 206,322 162,900 53,612 45,250 Common stock, $10 par 905,000 905,000 217,200 217,200 Retained earnings 312,153 265,337 68,954 54,296 Compute the 2017 return on assets and the return on common stockholders’ equity for both companies. (Round all ratios to 1 decimal place, e.g. 2.5%.)

Eastern Travel Services, Inc.

Comparative Balance Sheets

December 31, 2017 and 2016

Assets

2017

2016

Current assets:

Cash

$45,000

$20,000

Accounts receivable

77,000

81,000

Inventory

60,000

19,000

Prepaid insurance

13,000

17,000

Total current assets

$195,000

$137,000

Land

$105,000

$120,000

Equipment

84,000

53,000

Less: Accumulated depreciation

(21,000)

(16,000)

Total assets

$363,000

$294,000

Liabilities

Current liabilities:

Accounts payable

$29,000

$38,000

Wages payable

28,000

22,000

Interest payable

17,000

16,000

Income taxes payable

13,000

10,000

Total current liabilities

$87,000

$86,000

Notes payable (long-term)

93,000

87,000

Total liabilities

$180,000

$173,000

Stockholders' equity

Common stock

$152,000

$120,000

Retained earnings

31,000

1,000

Total stockholders' equity

$183,000

$121,000

Total liabilities and equity

$363,000

$294,000

The comparative balance sheet for

EasternEastern

Travel​ Services, Inc., for December​ 31,

20172017

and

20162016​,

is as​ follows:

LOADING...

​(Click the icon to view the comparative balance​ sheet.)                                         The following information is taken from the records of

EasternEastern

Travel​ Services, Inc.:

LOADING...

​(Click the icon to view the transaction​ data.)Prepare the statement of cash flows​ (indirect method) for

EasternEastern

Travel​ Services, Inc., for

20172017.

Prepare the statement one section at a time. ​(Use parentheses or a minus sign for numbers to be subtracted and decreases in​ cash.)

a.

Land was sold for

$ 11 comma 000$11,000.

b.

Equipment was purchased for cash.

c.

There were no disposals of equipment during the year.

d.

The common stock was issued for cash.

e.

Net income for

20172017

was

$ 37 comma 000$37,000.

f.

Cash dividends paid during the year were

$ 7 comma 000$7,000.

2. On March 1, 2016, Eagle Group Inc. sold $1,000,000, 9% bonds dated January 1, 2016 for $1,105,256 plus $15,000 accrued interest. Interest is payable annually on January 1, and the bonds mature on January 1, 2026. On July 1, 2017 Eagle Group retired $300,000 of the bonds at 105 plus accrued interest. Eagle Group uses straight-line amortization.

   Required:

     Prepare the journal entry to record the redemption of $300,000 bonds on July 1, 2017.

3.

   One way to structure a lease to qualify it as an operating lease for the lessee, but as a capital lease for the lessor is to use different discount rates for the lessees and the lessors. State the other method to achieve the same goal.